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Town Ward 3, Peterborough
$474,999
Calling all first time home buyers or those looking to expand their investment portfolio! This property is located on George Street in the heart of Peterborough, this proven income-generating rental property offers both convenience and versatility. Situated directly on a public transit route, it attracts a wide range of tenants, making it a smart addition to any investment portfolio. Inside, you'll find generously sized rooms that provide comfortable living for tenants, while the presence of two bathrooms adds ease and functionality for shared accommodation. The layout is well-suites for maximizing rental potential without compromising on livability. Outside, a fully fenced yard offers privacy and a great out door space, and private parking for two vehicles adds to the property's appeal which is an increasingly valuable feature for renters. Located close to shops, dining and everyday amenities, this property checks all the boxes for both investors and tenants alike.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,115 |
| Lot Size | 40.61 ft x 115.06 ft |
| mls© Number | X13101294 |
| Listed By | Century 21 United Realty Inc. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,431
- Property tax
- $343
- Heat allowance
- $150
- Housing costs
- $2,924 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$90,000
gross annual household income
- Payment at 4%
- $1,999 / mo
- Cash down
- $95,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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